Debt (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Debt with a contractual term less than 12 months is generally classified as short-term and consisted of the following (in thousands):

	September 30, 2025		December 31, 2024		September 30, 2024
Unsecured commercial paper	$	684,741	$	640,204	$	497,373

Schedule of Long-term Debt Instruments

Debt with a contractual term greater than 12 months is generally classified as long-term and consisted of the following (in thousands): 

	September 30, 2025		December 31, 2024		September 30, 2024
Secured debt:
Asset-backed Canadian commercial paper conduit facility	$	49,642	$	77,381	$	94,142
Asset-backed U.S. commercial paper conduit facility	399,502		431,846		378,968
Asset-backed securitization debt	63,107		1,956,383		2,252,468
Unamortized discounts and debt issuance costs	(472)		(6,245)		(7,726)
	511,779		2,459,365		2,717,852

			September 30, 2025		December 31, 2024		September 30, 2024
Unsecured notes (at par value):
Medium-term notes:
Due in 2024, issued November 2019(a)	3.14	%	—		—		669,864
Due in 2025, issued June 2020	3.35	%	—		700,000		700,000
Due in 2026, issued April 2023(b)	6.36	%	821,583		727,104		781,508
Due in 2027, issued February 2022	3.05	%	500,000		500,000		500,000
Due in 2028, issued March 2023	6.50	%	700,000		700,000		700,000
Due in 2029, issued June 2024	5.95	%	500,000		500,000		500,000
Due in 2030, issued March 2025(c)	5.61	%	715,951		—		—
Unamortized discounts and debt issuance costs			(17,741)		(13,091)		(14,800)
			3,219,793		3,114,013		3,836,572
Term loan:
Due in 2027, issued July 2025			450,000		—		—
Unamortized debt issuance costs			(1,739)		—		—
			448,261		—		—
Senior notes:
Due in 2025, issued July 2015	3.50	%	—		450,000		450,000
Due in 2045, issued July 2015	4.625	%	300,000		300,000		300,000
Unamortized discounts and debt issuance costs			(2,753)		(3,200)		(3,382)
			297,247		746,800		746,618
			3,965,301		3,860,813		4,583,190
Long-term debt			4,477,080		6,320,178		7,301,042
Current portion of long-term debt, net			(1,329,244)		(1,851,513)		(2,561,535)
Long-term debt, net			$	3,147,836	$	4,468,665	$	4,739,507

(a)€600.0 million par value remeasured to U.S. dollar at September 30, 2024

(b)€700.0 million par value remeasured to U.S. dollar at September 30, 2025, December 31, 2024, and September 30, 2024, respectively

(c)€610.0 million par value remeasured to U.S. dollar at September 30, 2025

Schedule of Maturities of Long-term Debt

Future principal payments of the Company's debt obligations as of September 30, 2025 were as follows (in thousands):

2025	$	1,196,993
2026	821,583
2027	950,000
2028	700,000
2029	500,000
Thereafter	1,015,950
Future principal payments	5,184,526
Unamortized discounts and debt issuance costs	(22,705)
	$	5,161,821